Scary Movie is back! Franchise will be rebooted 11 years after Scary Movie 5 was released

Scary Movie is being rebooted 11 years after the last film – Scream 5 – was released in theaters.

The new version of the famous franchise was unveiled by Paramount at CinemaCon on Thursday The Hollywood Reporter.

Paramount will distribute the film and Miramax is financing it, the outlet said.

The film, which is being produced by Neal H. Moritz, is expected to begin filming in the fall.

Scary Movie is being rebooted 11 years after the last film – Scream 5 – was released in theaters; Carmen Electra in the photo

The new take on the famous franchise was unveiled by Paramount at CinemaCon on Thursday, according to The Hollywood Reporter;  Regina Hall pictured

The new take on the famous franchise was unveiled by Paramount at CinemaCon on Thursday, according to The Hollywood Reporter; Regina Hall pictured

Scary Movie was developed by Keenen Ivory Wayans, Marlon Wayans and Shawn Wayans.

They wrote and directed the first two installments of the franchise.

Marlon and Shawn also starred in the first two films.

Scary Movie was released on July 7, 2000 and served as a parody of popular horror films at the time, including I Know What You Did Last Summer and Scream.

The film starred Carmen Electra, Shannon Elizabeth, Anna Faris, Jon Abrahams, Reginal Hall and Kurt Fuller – alongside Marlon and Shawn.

Scary Movie became a major worldwide hit, grossing over $278 million at the box office.

The film starred Carmen Electra, Shannon Elizabeth, Anna Faris, Jon Abrahams, Reginal Hall and Kurt Fuller - alongside Marlon and Shawn;  Regina and Anna in the photo

The film starred Carmen Electra, Shannon Elizabeth, Anna Faris, Jon Abrahams, Reginal Hall and Kurt Fuller – alongside Marlon and Shawn; Regina and Anna in the photo

Scary Movie 2 was released on July 4, 2001, starring Marlon, Shawn, Anna and Regina, joined by cast mates Tori Spelling, Andy Richter, Natasha Lyonne and Chris Elliott;  Marlon pictured with Tori and Kathleen Robertson

Scary Movie 2 was released on July 4, 2001, starring Marlon, Shawn, Anna and Regina, joined by cast mates Tori Spelling, Andy Richter, Natasha Lyonne and Chris Elliott; Marlon pictured with Tori and Kathleen Robertson

Scary Movie 2 was released on July 4, 2001, starring Marlon, Shawn, Anna and Regina, joined by cast mates Tori Spelling, Andy Richter, Natasha Lyonne and Chris Elliott.

The film parodied The Haunting, The Exorcist, The Amityville Horror and more.

The third film – Scary Movie 3 – was released on October 24, 2003, with Anna and Regina returning, alongside Charlie Sheen, Simone Rex, Leslie Nielson, Queen Latifah, Pamela Anderson, Kevin Hart and more.

Scary Movie 4 released on April 14, 2006, starring Anna, Regina, Leslie, Carmen, as well as Molly Shannon, Bull Pullman and more.

Scary Movie 4 released on April 14, 2006, starring Anna, Regina, Leslie, Carmen as well as Molly Shannon, Bull Pullman and more

Scary Movie 4 released on April 14, 2006, starring Anna, Regina, Leslie, Carmen as well as Molly Shannon, Bull Pullman and more

Scary Movie 5 debuted on April 12, 2013. Starring Simon, Heather Locklear, Katrina Bowden, Erica Ash and Ashley Tisdale.

Keenen directed Scary 1 and 2, David Zucker directed 3 and 4, and Malcolm D. Lee directed the fifth film.